The Commission for Shared Growth Included Coupang and Others in the Shared Growth Index Evaluation Target...7 Companies Downgraded

Samsung Electronics and 36 Other Companies Rated as Best in Win-Win Growth Index
Coupang, LIG Nex1, Dongseo Food, Daebang Construction, Jeil Construction Included in Evaluation Targets

The Win-Win Growth Committee announced on the afternoon of the 16th that it held the 68th meeting at the Federation of Korean Industries Conference Center in Yeouido, Yeongdeungpo-gu, Seoul, and resolved the aforementioned matters. The photo shows Kwon Ki-hong, Chairman of the Win-Win Growth Committee, conducting the meeting. Photo by Win-Win Growth Committee

[Asia Economy Reporter Kim Heeyoon] Starting next year, the Win-Win Growth Index will be applied to five companies: Coupang, LIG Nex1, Dongseo Food, Daebang Construction, and Jeil Construction. Seven companies, including LG Household & Health Care, Samsung Heavy Industries, GS Home Shopping, and CJ O Shopping, which received corrective orders or fines this year, will have their Win-Win Growth Index evaluation grades downgraded by one level.

The Win-Win Growth Committee announced on the 16th that it held the 68th meeting at the Federation of Korean Industries Conference Center in Yeouido, Yeongdeungpo-gu, Seoul, and resolved these matters.

All seven companies subject to the downgrade this time are as follows: LG Household & Health Care, which was rated as the highest grade, was downgraded to the excellent grade; NS Shopping, GS Home Shopping, and Hyundai Home Shopping, which were rated excellent, were downgraded to good; Samsung Heavy Industries, Lotte Home Shopping, and CJ O Shopping, which were rated good, were adjusted to the average grade.

The Win-Win Growth Committee proceeded with the adjustments according to the operational guidelines for calculating and announcing the Win-Win Growth Index for six companies with confirmed legal violation sanctions requested by the Fair Trade Commission for grade adjustment and one company that received legal violation sanctions after the announcement.

Samsung Heavy Industries received corrective orders and fines for violating the Subcontracting Act. Lotte Home Shopping, CJ O Shopping, NS Shopping, GS Home Shopping, and Hyundai Home Shopping received corrective orders and fines for violating the Large-scale Distribution Business Act, including passing on promotional costs, unfair use of employees, unfair returns, and delayed payment of funds. LG Household & Health Care received corrective orders and fines for violating the Franchise Business Act.

The Win-Win Growth Committee plans to reflect the 2021 evaluation for Denso Korea, LG Electronics, HDC Hyundai Development Company, and Lotte Data Communication, whose administrative sanctions have not yet been confirmed, when legal violation sanctions are confirmed in the future. In addition, Interplex and GS Construction, which were deferred from announcement under the mandatory reporting request system, were announced with their existing deferred grades as the processing results have not yet been finalized according to relevant regulations.

On this day, the Win-Win Growth Committee deliberated and resolved agenda items such as the selection of companies subject to the 2022 Win-Win Growth Index evaluation and the agreement and recommendation (draft) on the small and medium-sized enterprise suitable industry for short-term car rental services.

Furthermore, by adding five companies with significant social interest due to rapid sales growth, a total of 223 companies were confirmed as subjects for the 2022 Win-Win Growth Index evaluation. Newly added companies for the Win-Win Growth Index evaluation include Coupang, LIG Nex1, Daebang Construction, Dongseo Food, and Jeil Construction.

After the meeting, the Win-Win Growth Committee also held the '2021 Win-Win Growth Awards Ceremony.' Thirty-seven companies, including Samsung Electronics, Hyundai Motor Company, Kia, Naver, Nongshim, POSCO, KT, CJ CheilJedang, and SK Hynix, were selected as the top companies in the Win-Win Growth Index evaluation. Seven public institutions, including Korea Gas Safety Corporation and Korea Land and Geospatial Informatix Corporation, were selected as excellent public institutions for spreading the Win-Win Growth culture. Two companies, IT Space and Taehwa Industry, were selected as the best partner companies for Win-Win Growth. Two contributors to the Win-Win Growth Working Committee also received awards.

Chairman Kwon Ki-hong of the Win-Win Growth Committee said, “In the particularly difficult situation due to COVID-19, the efforts of large companies and public institutions for Win-Win Growth have become a ray of light for small and medium-sized enterprises in crisis. I am grateful for the hard work of companies and contributors who are doing their best to spread the Win-Win Growth culture and promote mutual cooperation despite the difficulties.”

This content was produced with the assistance of AI translation services.